Jefferies has initiated its coverage on SiriusPoint (SPNT, Financial), assigning a Hold rating and setting a price target of $17. The assessment is based on expectations of favorable growth, coupled with low volatility in results and generally stable margins for the company.
Despite this optimistic outlook, Jefferies is adopting a cautious stance as it awaits clear evidence of the impact of SiriusPoint's prior transformative actions before becoming more bullish on the stock. The firm believes that the current valuation of SiriusPoint already reflects much of the anticipated turnaround.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for SiriusPoint Ltd (SPNT, Financial) is $17.00 with a high estimate of $17.00 and a low estimate of $17.00. The average target implies an upside of 3.47% from the current price of $16.43. More detailed estimate data can be found on the SiriusPoint Ltd (SPNT) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, SiriusPoint Ltd's (SPNT, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SiriusPoint Ltd (SPNT, Financial) in one year is $9.89, suggesting a downside of 39.81% from the current price of $16.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SiriusPoint Ltd (SPNT) Summary page.
